The Gujarat government's disinvestment program has been kicked off with the sale of few of its public sector undertakings, starting with the profitable Gujarat Alkalies and Chemicals. The state government plans to take the proposal to the cabinet to divest its 36.72% stake in GACL.
Rs 400 crore is the price to acquire 2.7 crore shares of GACL at the current market price of Rs 146.35. Domestic as well as global players, including the Reliance Group have expressed interest in acquiring GACL by picking up the state government's stake.
20-Feb-06 
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